The dollar slid to its weakest level in more than two years against the yuan. It slipped a ground lower against other Asian currencies as Democrat candidate Joe Biden edges closer to the White House. Financial markets are braced for days or even weeks of uncertainty over the U.S. election results. Republican candidate Donald Trump …
Dollar Slips as Biden Inches Closer to White House Read More »
The U.S. dollar clawed back early losses against risk-sensitive currencies in forex exchange on Wednesday. Initial results hinted President Donald Trump was slight edging over Democratic challenger Joe Biden in Florida, a key battleground state. That weakened this week’s rising expectations in markets that Biden will likely win the presidency. If Biden wins, he will …
Dollar Claws Back Losses as Trump Slightly Edges over Biden Read More »
Oil prices declined on Thursday, extending a 5% slump in the previous energy commodities session. Renewed restrictions to curb a second wave of COVID-19 infections and signs of an increasing oil supply glut send prices tumbling. By 0743 GMT, U.S. West Texas Intermediate crude futures fell 8 cents, or 0.21%, to $37.31 a barrel. Brent …
Oil Extends Losses on Renewed Lockdowns, Oversupply Worries Read More »
The World Trade Organization (WTO) made an important decision. The WTO has ruled that the European Union can impose around $4 billion in tariffs on U.S. goods, including aircraft and ketchup. It is worth mentioning that, the decision from WTO is the latest in a long-running dispute, regarding the subsidies to Boeing and Airbus. As …
World Trade Organization Ruled in Favor of European Union Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. NZDUSD The national US election is approaching, and its current president is bringing back his 2016 campaign with a prospect of permanently dropping the US’ trade relationship between the two countries before November. The …
Daily Market Charts and Analysis September 08, 2020 Read More »
People all over the world have at least some knowledge regarding the U.S.-China trade tensions. However, relations between the U.S. and the European Union (EU) are also quite complicated. The U.S. government decided to maintain 15% tariffs on Airbus aircraft and 25% tariffs on other European goods. Importantly, the EU tried to resolve a long-term …
U.S. Government Decided to Maintain 15% on Airbus Aircraft Read More »
Companies around the globe are willing to invest in crypto mining. However, due to U.S. sanctions, it won’t be easy to find companies that are ready to invest in Iran. Moreover, sanctions created a lot of problems for the local economy. Despite all the challenges, the industry is evolving, as can be seen from the …
The state of the local economy was dar from being ideal even before the coronavirus pandemic. As a reminder, U.S. sanctions caused serious damage to the local economy. Iran is struggling to cope with problems. It will thus be tough to get the economy back on track after taking into consideration all the factors. The …
Iran, Industrial-Scale Power Plants and Bitcoin Mining Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPUSD The US dollar is targeting the GBPUSD’s support level just above the 1.20000-mark in sessions. The pair is currently seen trading steadily this Friday as both bullish and bearish investors try to gain …
On Monday, the Distilled Spirits Council of the United States released a report. This report contains many interesting details. According to this report, US whiskey distillers lost millions of dollars more precisely nearly $340 million in sales to the European Union over the past two years. Companies lost money due to tit-for-tat trade spat between …
U.S. Whiskey Distillers Lost a lot of Money Due to Tensions Read More »
Switzerland exported 126.6 tons of gold to the United States, worth around $7 billion, last May. It is the highest monthly shipment ever recorded. This is because the high prices in New York continued to attract demand for the metal. Swiss shipments to China and India, generally the world’s two largest gold buyers, stayed very …
Switzerland exports a record amount of gold to the US Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDNZD The Australian dollar to New Zealand dollar exchange rate continues to head down in session. Bearish investors extend their momentum from last week amidst the success of the Aussie against other currencies. The …
The euro rallied on Monday. It gained 0.4% to $1.1154, before falling back to trade flat at $1.1109. Some strategists recommend buying the euro, with a target of $1.155, as they expect more easing from the European Central Bank at the meeting on Thursday. The Sterling also soared by 0.6%, jumping to a three-week high …
European currencies gained while the U.S. dollar lowered Read More »
The euro briefly reached its highest point since mid-March, on Monday. Riskier currencies, such as the Australian dollar, skyrocketed as investors looked for more signs that the global economy may be through the worst part of the crisis caused by the pandemic. Furthermore, U.S. President Donald Trump hasn’t tried to impose new tariffs on China …
Riskier currencies rallied as the risk sentiment improved Read More »
The Japanese yen jumped against major currencies on Friday. Investors awaited U.S. President Donald Trump’s response to China’s passing of a national security law for Hong Kong. Uncertainty on FX markets caused a boost for safe-haven currencies. However, the U.S. dollar lowered by 0.4% against the Japanese currency, at 107.17 yen. Even though the situation …
Japanese yen soared on Friday. What about other currencies? Read More »
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